Re: Dividend, Share Price. Is there a connection?
Sold ADB on the open today @ 1328.0
Bought 12th September @ 1317.0 with a margin of 70%
Investment 395.1/share
Exdiv 21st September, dividend 32.0/share fully franked 13.71/share
Gross profit 43.0/share = 10.88% return on investment, fc excl. 24 days
Sold DJS on the open today @ 359.0
Bought 29th September @ 348.0 with a margin of 65%
Investment 121.80/share
Exdiv 6th October, dividend 9.0/share, fully franked 3.86/share
Gross profit 20.0/share = 16.42% return on investment, excl fc. 7 days
The DJS trade was one of the few that has reached target selling price on exdiv day.